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Baker Tilly research indicates that four out of five businesses in the United States are not ready for succession. Key challenges faced by family business owners include being ready for transition or market sale and ensuring that the business has the financial capacity to support both retirement and the next generation.

Accounting and advisory firm Baker Tilly Virchow Krause, LLP (Baker Tilly) has rearticulated the necessity of improving audit quality after a May 28th United States Department of Labor (DOL) report on its inspection of 2011 employee benefit plan audits.

Baker Tilly International, the world’s 8th largest network of independent accounting and business advisory firms, has launched a new survey to examine the current and future state of the U.S. automotive industry. Independent network member Baker Tilly Virchow Krause, LLP (Baker Tilly) is a participant in the global study.

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